What our clients say about us:
“Relationship Focused, Results Driven”
This new borrower had owned the subject property for more than 15 years. The occupancy had dropped slightly below 80% as they moved out problem tenants. Their bank refused to extend the existing loan with a near-term maturity because of the vacancy. The borrower concluded our loan would give them time to increase the occupancy to acceptable levels and refinance with conventional financing. Our loan was repaid on the maturity date.
This new borrower had owned the subject property for over 30 years. After protracted negotiations with their bank, the owner came to us. Our initial funding was a second lien for $900,000. Subsequently we funded an additional $1,300,000 loan to take out prior financing. This solved the borrowers’ financing needs and allowed them to focus on management of their portfolio. Additional collateral includes a 10,000 sq.ft. single-family property.
This new borrower, a highly experienced real estate investor, used the funds acquire the 4-unit property in Lakeside, CA, east of San Diego. Their bank declined due to the complexity of the transaction. Our loan funded the entire purchase price. We worked with the borrowers to combine other properties they own into a suitable collateral package. Since acquisition, the borrowers have fully renovated the Lakeside property and leased all units.
We had a loan on a property being sold. The new buyer, rather than taking the costly and lengthy route of a bank loan, asked us, as the current lender for financing to accommodate their goal of repositioning the property. Subsequent to acquisition, the borrower invested significant funds into the rehab of the property, improved the tenancy and the value of their asset.
This new borrower came to us to provide financing on an existing holding to enable another purchase in a few weeks. This was a highly structured transaction to accommodate the existing first mortgage and specifics of the transaction. We completed our due diligence, negotiated terms and closed the transaction to enable the borrower to achieve their objectives.
This repeat borrower returned to us for financing a property on which he had negotiated a below market acquisition. His bank could not move quickly and declined given a deferred maintenance issue. We funded on time to complete the acquisition despite intervening holidays.
The primary borrower, a highly experienced commercial real estate investor, wanted to combine this property with the contiguous self-storage property controlled by a co-investor, and sell it to another party (already identified). The borrower did not have time to deal with a lengthy bank loan process to obtain this bridge loan. We said “yes” and closed in 3 weeks. The investors are repeat borrowers who have an excellent track record with us; our loan enabled them to achieve their goals.
The borrower, a highly experienced real estate investor, wanted to capitalize on the value increase and hold the asset for appreciation. Their bank said “no” to cash out. We said “yes” and funded the project in 2 weeks.